EUROPEAN COMMISSION DAILY NEWS – 26 JUNE

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EUROPEAN COMMISSION DAILY NEWS - 26 JUNE
26 Jun 2015

EUROPEAN COMMISSION DAILY NEWS – 26 JUNE

Brussels Daily

EU-China Summit – Brussels, 29 June 2015

The 17th bilateral summit between the European Union and the People’s Republic of China will take place in Brussels on Monday 29 June 2015. The EU will be represented by Jean-Claude Juncker, President of the European Commission and by Donald Tusk, President of the European Council. China will be represented by Premier Li Keqiang of the State Council. High Representative of the Union for Foreign Affairs and Security Policy/Vice-President of the Commission Federica Mogherini will also participate, as will Vice President for Jobs, Growth, Investment and Competitiveness Jyrki Katainen and Commissioner for Trade Cecilia Malmström. Marking the 40th anniversary of EU-China diplomatic relations, this will be the first visit by Premier Li to the EU in his current capacity and the first Summit with China for the Presidents of the Council and the Commission since they took office. This Summit will provide the first opportunity to review the implementation of the EU-China 2020 Strategic Agenda for Cooperation (‘Agenda 2020’) at the highest level and to set priorities to take forward the EU-China Comprehensive Strategic Partnership in the years to come. The Summit will also provide an opportunity to discuss key international and regional issues and to identify opportunities for the EU and China to work together to address these effectively. President Juncker will also speak at the Business Summit and the Urbanisation Forum taking place on the side of the Summit. In addition, an Innovation Dialogue will be taking place in parallel. For more information see summit page; EU-China relations; EU-China trade.

EUROSTAT: EU trade with China significantly up in 2014 for both goods and services

Except for the drop recorded in 2009 following the financial crisis, the value of European Union (EU)imports of goods from China has significantly increased over the last decade, from €129.2 bn in 2004 to a peak of €302.5 bn in 2014. Exports, which did not decline in 2009, have more than tripled over the period 2004-2014 to hit €164.7 bn last year. The EU trade deficit with China, continuous during the whole period, decreased between 2010 and 2013, before growing again in 2014 to -€137.7 bn. China is the second most important EU trading partner behind the United States, accounting for 14% of total extra-EU trade in goods in 2014 (compared with 9% in 2004). Over this 10-year time period, the share of China in extra-EU imports increased from 12.6% in 2004 to 18.0% in 2014, and its share in exports almost doubled (5.1% in 2004 vs. 9.7% in 2014). A press release is available here. 

 

Read today’s news in full:  Daily News 26 – 06 – 2015

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